Calvert News & Commentary

Bennett Freeman’s op-ed on Clean Energy Featured in The Baltimore Sun

Calvert’s SVP of Sustainability applauds Maryland’s O’Malley for his efforts with renewable portfolio standard.

8/22/2013

In the op-ed, titled “Business leaders believe in clean energy; O’Malley has set Maryland on the right path with renewable portfolio standard,” Mr. Freeman writes:

Maryland has repeatedly shown leadership on climate change and the clean-energy solutions that will both tackle the problem and provide economic growth. In order to continue this leadership, Maryland faces an important choice: whether to take another step forward on clean energy and reap the economic and job–creation benefits, or to settle for less. Gov. Martin O'Malley made the call late last month for the state to make the step forward, and we applaud his leadership.

Strengthening the renewable portfolio standard won't just cut pollution. It would also give Maryland's businesses more flexibility in controlling and reducing their energy costs, attract out–of–state business and investment, and cement the gains that Maryland's clean energy companies —and their employees and investors —have made so far.

The governor's call to strengthen policies such as the state's renewable portfolio standard is what the business community and investors like me have been asking for from elected leaders. My firm, Calvert Investments, was joined by nearly 300 other investors, together managing in excess of $20 trillion, calling for governments around the world to take action on climate change. To give you a sense of just how much money that is, U.S. gross domestic product last year was less than $16 trillion; these are the largest investors in the world committed to action. Just within the past few months, over 600 companies have signed the Climate Declaration. These companies included giants like General Motors, Unilever, Nestle and Intel. Their message is simple: Tackling climate change is one of America's greatest economic opportunities of the 21st century.

Please read the full op-ed at The Baltimore Sun's website.



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